TSXV:FCO.H - Post by User
Post by
westernkidon Apr 18, 2009 3:33am
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Post# 15928612
cobalt future...a maybe..
cobalt future...a maybe..All these posts concerning the future of cobalt...hang it up! Time to rethink
all the garbage put fort by the (world) media/press. They can't get anything
right.
The below is my humble opinion of what "we" are up against concerning
the future of cobalt in the WEST.
Years ago the USA was the leading producer with the lowest production,
costs and had the lions share of the elemental phosphorus world wide
market. Then the Russians and the Chinese got into it in a big way.
They built several BIG production plants but had no outlet for the sale of there
product. This caused a glut on the world market and lowered the price greatly.
Then, in the USA, with the donation from the Saudi's and the purchase of
Environmental nuts influence, (plus a few other factors like use of cheaper
substitute materials) the USA businesses were run out of business.
Sound like the Automotive business?
Reason for this post? in mho, I foresee the same scenario - in the near future -
for Cobalt. It looks like the Russians, but mostly the Chinese, that are already
setting up the administrative infrastructure for controlling cobalts future. I'm
sure they are jacking the price up right now by controlling the production and
sale price of cobalt on the world market. They don't care what it costs to
produce cobalt. They are "Control" freaks. They want to dominate. And they
are doing it...with American greenbacks. Looks to me like another economic
ploy against the USA.
(...Canada beware...this could happen in Silver too! Look at Liberty). In this
Economy anything can happen...with things so cheap...And, China has the bucks.
Now, for FCO and the ICP...FCO is very near overcoming all the odds for a
mine to be developed in the USA. Do you think China (methinks that right
now the Russians are having to many of there own internal problems to reach
out and to get involved in this situation) is going to set idly by and watch a
world class (with the highest purity cobalt) competitor rise up...without getting
involved? No, their presence will be felt...They will try to control. Watch what
happens to supply, demand and price once the ICP gets close to production.
Another "elemental phosphorus" coupe will be worked (or tried).
Watch also what they do to control the electric car battery market.
Do I dislike (distrust) the Chinese?...No, not a all. Well, maybe... just a little bit.
westernkid